Stockbroker Law - Wednesday, October 25, 2017
The Securities Exchange Commissioner Warns Ponzi Schemes Using Virtual Currencies
In a recent Investor Alert, the Office of Investor Education and Advocacy of the Securities Exchange Commission issued warnings to investors about emerging ponzi schemes utilizing virtual currencies such as Bitcoin to raise money from unsuspecting investors.  


Also, in SEC v. Shavers, the SEC noted in its press release its complaint filing against a bitcoin ponzi scheme promoter who used a purported bitcoin investment scheme to raise money to pay for his personal expenses. Surely not a safe place to put your money.


We offer a free initial consultation to investors who feel they may have been victimized in virtual currency investment schemes.  For an appointment contact the Law Offices of Timothy J. O’Connor at (518) 426-7700.

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